Sugarbud Craft Growers Corp. V.SUGR.W.H

RE:Filed Sedar yesterday

[mystique1]

This is the critical statement......""The decision to seek creditor protection was taken after careful consideration of available alternatives, the Company's cash position, forecasted revenue and expenses, scheduled debt payments and demands for payment and notices of intention to enforce security received from the Company's lender on September 22, 2022. The Company expects that it is likely to default on several material debtor agreements due to ongoing liquidity constraints"""

THE LENDER INTENDS TO ""ENFORCE""........
and
COMPANY DEFAULT ON ""SEVERAL MATERIAL DEBTOR AGREEMENTS""

Looks like the creditors have water long enough.